Every now and then, one reads a piece of commentary that sums up an important truth with consummate skill that one is left in sober contemplation for some time thereafter. Maggie Gallagher’s latest article entitled “Can We Keep Our Republic?” examines the similarities and differences between America and Rome, and crystallizes an important truth about the way in which a shared idea can move a civilization.
In the latest job numbers, unemployment is up to 9.2% and overall the economy still looks very anemic, despite being over 2 years into the Obama Administration and the waste, er, expenditure of a trillion dollars in porkulus, er, stimulus spending. South Dakota’ s Rep. Kristi Noem (R-SD) hits the nail on the head when she says in this press conference that in order to get the economy going again, we need to stop wasting money, stop calling for more taxes on the American people and American businesses, and stop burdening us all with more onerous government regulations.
The Institute for Energy Research (IER) has an interesting piece on Britain’s blunder of relying in wind power. This study finds that because wind energy comes and goes with the wind, many fossil fuel power plants are needed to back up wind power. And when these fossil fuel power plants power up and down, they create more emissions than they do when they run at a steady load. So wind energy costs more and creates more emissions than fossil fuel energy.
The Family Research Council (FRC) praised the U.S. House of Representatives today for overwhelmingly approving U.S. Rep. Virginia Foxx’s (R-NC) amendment to the 2012 defense appropriations bill that would prohibit using Pentagon funds in contradiction of the Defense of Marriage Act (DOMA), which defines marriage as the union of a man and a woman for all federal purposes.
Another example of violence perpetrated by Leftists that will likely never be prosecuted. Attacks on Christians in particular are getting more frequent and more violent. I suppose that people who have no conscience about ripping babies into shreds of flesh would likewise have no problem attacking those with whom they disagree.
There’s no joy in saying “we told you so.” Not when millions of Americans are beset by plummeting home prices, stagnant income levels, deteriorating job opportunities and rising consumer prices. Free market advocates repeatedly warned political leaders of both parties regarding these inevitable “bailout byproducts,” but they didn’t listen. Instead, they rushed to reward their favored banks and bureaucracies for years of gross fiscal negligence — leaving taxpayers stuck with a scarcely-fathomable tab.
GM’s dealer inventory of new cars at the end of June topped 605,000 vehicles, a 20% increase since January 2011. In fact, in the past year the number of new cars sitting on dealer lots has increased by 167,000 vehicles as the government overseen and owned entity continues to crank cars off the assembly lines onto already stuffed to capacity car lots. Ultimately, as long as the U.S. government owns any stake in the formerly proud GM, investors need to invoke the old Latin admonition of caveat emptor.